Navan, Inc.
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Navan, Inc.
Navan, Inc. (formerly TripActions) is a privately-held American corporate travel and expense management company headquartered in Palo Alto, California. Founded in May 2015 by Ariel Cohen and Ilan Twig, Navan offers an integrated platform combining travel booking, corporate-issued payment cards, expense reporting, and analytics for businesses worldwide. History The Palo Alto, Californiabased travel company, TripActions Inc., was founded in May 2015 by Ariel Cohen and Ilan Twig (also the founders of StreamOnce, acquired by Jive Software). In January 2016, TripActions received $14.6 million series A round led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11. The company officially launched out of stealth mode and announced their funding in January 2017. In October 2017, the company announced that they had raised an additional $12.5 million led by Lightspeed Venture Partners with participation from Zeev Ventures and Group 11. The company m ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Ben Horowitz
Benjamin Abraham Horowitz (born June 13, 1966) is an American businessman, investor, blogger, and author. He is a technology entrepreneur and co-founder of the venture capital firm Andreessen Horowitz along with Marc Andreessen. He previously co-founded and served as president and chief executive officer of the enterprise software company Opsware, which Hewlett-Packard acquired in 2007. Horowitz is the author of ''The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers'', a book about startups, and ''What You Do Is Who You Are: How to Create Your Business Culture.'' Early life Benjamin Abraham Horowitz was born in London, England and raised in Berkeley, California, the son of Elissa Krauthamer and conservative writer and policy advocate David Horowitz. He is of Ashkenazi Jewish descent. Horowitz's great-grandparents were Jewish immigrants from the Russian Empire who arrived in the U.S. in the mid-19th and early 20th centuries. Horowitz earned a BA f ...
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Travel Management
Corporate travel management is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management and travel and expenses ('T&E') data management. CTM should not be confused with the work of a traditional travel agency. While agencies provide the day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in policy. In other words, CTM decides on the class of service which employees are allowed to fly, negotiates corporate fares/rates with airlines and hotels and determines how corporate credit cards are to be used. The agency on the other hand makes the actual reservation within the parameters given by the corporation. For many companies, T&E costs represent the second highest controllable annual expense, exceeded only by salary and benefits, and ar ...
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TravelPerk
TravelPerk is a travel-management company that provides companies with a variety of travel- and expense-management services. The company is headquartered in Barcelona, with business hubs in London, Birmingham, Edinburgh, Berlin, Chicago, Boston, and Miami. The company raised $409 million at the end of its Series D funding round in 2022, achieving unicorn status and a valuation of over $1 billion. History TravelPerk was founded in 2015 by Avi Meir (founder of Hotel Ninjas, acquired by Booking.com), Javier Suarez, and Ron Levin. Their aim was to create an all-in-one platform that’s aimed at making business travel management easier and keeping travelers happy. Shortly after being founded, TravelPerk received a $7 million series A round led by Spark Capital. In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Capital, Spark Capital, Sunstone, and Amplo. In July 2019, the company finalized a two-part, $104 million series C funding backed b ...
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Snowfall (company)
Junction (formerly known as Snowfall Limited) is an online travel management, content and payments company. History Snowfall began with passenger service system software and mobile applications for rail and ferry providers in Sweden. By 2014, the company was listed by Swedish newspaper Dagens industri as one of Sweden's 900 fastest growing companies. MTR partnership, lawsuits, and liquidation Snowfall began working with MTR as their IT provider for the MTR Express in Sweden in 2015. The partnership appeared deep, even as staff moved between the companies such as the marketing manager, Per Nasfi. Snowfall's founder and CEO, Stefan Cars, even acted as MTR's CTO. In June 2017 a joint venture between MTR and Guangshen Railway Company was shortlisted to bid for the West Coast Partnership franchise to commence in 2019. In December 2018 it was accounced that Spanish operator Renfe Operadora joined their bid, with Snowfall as a software subcontractor and Trainline providing a dist ...
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Serko
Serko Limited, known as Serko, is a travel management and expense technology company headquartered in New Zealand. Serko was publicly listed on the New Zealand Stock Exchange in June 2014 and on the Australian Stock Exchange in 2018 under the ticker code SKO. In October 2019, Booking Holdings purchased 4.7% as part of a partnership deal. In 2020 Serko won the New Zealand High-Tech Awards, winning company of the year. History Serko was founded in 2007 by Darrin Grafton and Robert Shaw, based on a previous business idea. In 2012 Serko received a $2.3 million NZD grant from Callaghan Innovation, the R&D investment arm of the New Zealand Government, and commenced an international expansion, opening a development office in Xi'an, China. Serko was subsequently listed on the New Zealand Stock Market in 2014. With the new capital raising, Serko purchased Incharge, an expense provider in 2014, and Arnold Travel Technology in 2015 from Expedia Group. In 2018 Serko launched into the N ...
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SAP Concur
SAP Concur (formerly Concur Technologies) is an American software as a service company providing travel and expense management services to businesses. Its headquarters are in Bellevue, Washington. SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion. The deal was completed in December 2014. History SAP Concur was co-founded by Mike Hilton and brothers Rajeev and Steve Singh. It was headed by Mike Eberhard from November 2016 until April 2019, when he stepped down and was replaced by Jim Lucier as company president. The company's headquarters are in Bellevue, Washington, with additional offices in Eden Prairie and St. Louis Park, Minnesota, Allen, Texas, and Vienna, Virginia, in the USA, as well as in Asia, Australia, and Europe. In 2014, SAP entered into an agreement to acquire Concur Technologies for US$8.3 billion. The acquisition was completed on December 4, 2014. During an August 2018 briefing, the Department of Defense announced that it was partn ...
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Lyft
Lyft, Inc. is an American company offering ride-hailing services, motorized scooters, and bicycle-sharing systems in the United States and Canada. Lyft sets fares, which vary using a dynamic pricing model based on local supply and demand at the time of the booking and are quoted to the customer in advance, and receives a commission from each booking. Lyft is the second-largest ridesharing company in the United States after Uber. History Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara campus to visit his girlfriend in Los Angeles and was seeking an easier way to share rides. In May 2013, the company changed its name from Zimride to Lyft. In July 2013, Lyft sold the original Zimride service to Enterprise Holdings, the parent com ...
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Uber
Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, and operates in approximately 70 countries and 15,000 cities worldwide. It is the largest ridesharing company worldwide with over 150 million monthly active users and 6 million active drivers and couriers. It coordinates an average of 28 million trips per day, and has coordinated 47 billion trips since its inception in 2010. In 2023, the company had a take rate (revenue as a percentage of gross bookings) of 28.7% for mobility services and 18.3% for food delivery. History In 2009, Garrett Camp, a co-founder of StumbleUpon, came up with the idea to create Uber to make it easier and cheaper to procure direct transportation. Camp and Travis Kalanick had spent $800 hiring a private driver on New Year's Eve, which they deemed excessive, and ...
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Mobile App
A mobile application or app is a computer program or software application designed to run on a mobile device such as a smartphone, phone, tablet computer, tablet, or smartwatch, watch. Mobile applications often stand in contrast to desktop applications which are designed to run on desktop computers, and web applications which run in mobile web browsers rather than directly on the mobile device. Apps were originally intended for productivity assistance such as email, calendar, and contact databases, but the public demand for apps caused rapid expansion into other areas such as mobile games, factory automation, GPS and location-based services, order-tracking, and ticket purchases, so that there are now millions of apps available. Many apps require Internet access. Apps are generally downloaded from app stores, which are a type of digital distribution platforms. The term "app", short for "Application software, application", has since become very popular; in 2010, it was listed as " ...
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Chief Financial Officer
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data. The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO, and FD is the level before reaching CFO. Legal requirement The ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ...
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